Archives - 17 February 2014, Monday

Or how cash would be described in the press if invented today. Full bitcoin series here : Bizarre Shadowy Paper-Based Payment System Being Rolled Out Worldwide New York, February 17, 2014 World governments announced a plan today to allow citizens to anonymously carry parts of their we...

Bitcoin enthusiasts such as Adam Draper, who runs a Bitcoin startup accelerator called Boost.vc , say merchant adoption is critical to creating a vibrant ecosystem around the Bitcoin. Right now, it is treated more as an asset than a currency — something you hold on to rather than spen...

Eric Thayer/Reuters Benjamin Lawsky, New York’s financial services superintendent, is leading efforts to write regulations for virtual currencies. Bitcoin is facing significant growing pains as it struggles to move beyond a stormy adolescence. After months of hype and hysteria that ha...

Watching the gyrations in the price of Bitcoin has been spectator sport the past several days. However, unlike with prior busts and races, the price of Bitcoin has diverged heavily across its several exchanges . This has led to the Bitcoin market itself becoming siloed. Bitstamp, BTC-...

Two of the country’s biggest names in e-commerce, Overstock.com and TigerDirect.com, earned themselves some press (and perhaps goodwill from the tech crowd) with their recent decisions to start accepting Bitcoin as payment. Now, though, users of the controversial peer-to-peer digital ...

Bitcoin exchange Mt. Gox hopes to resume withdrawals “soon” after developing a fix for a vulnerability that allowed users to alter transaction details and make it seem like a payment was never completed. Mt. Gox suspended withdrawals on February 7 , before explaining the “transaction ...

Eric Thayer/Reuters Benjamin Lawsky, New York’s financial services superintendent, is leading efforts to write regulations for virtual currencies. Bitcoin is facing significant growing pains as it struggles to move beyond a stormy adolescence. After months of hype and hysteria that ha...

Bitcoin is currently trading at near $250, according to Bitcoin exchange MtGox. It got as low as $220.29 from a high of $540. Once the largest platform for trading Bitcoin, MtGox recently halted withdrawals, which exacerbated people's fears about having their wealth in the digital cur...

One of the big stories in the Bitcoin world these days is the crisis at Mt. Gox, the former undisputed king of Bitcoin trading. In recent weeks, the site has been having trouble with withdrawals, and actually all Bitcoin withdrawals have been halted. Users of Mt. Gox can withdraw real...

In somewhat good news, Bitcoin exchange MtGox has announced that users will soon be able to make withdrawals again. "We apologize for the inconvenience caused by the recent suspension of external bitcoin transfers," they said in a statement on Monday. "Fortunately, as we announced on ...

Don’t count Bitcoin down for the count. Just yet. Safello , a Swedish Bitcoin online processing exchange headquartered in Stockholm and targeting the European market, has received $600,000 in seed money and is moving aggressively into the controversial marketplace. “So far, we’ve tran...

Last July, Thailand’s top Bitcoin exchange shut down following pressure from the Bank of Thailand. Now, more than six months later, Bitcoin.co.th has resumed trading after getting the all clear from the bank, Tech In Asia reports . The exchange reopened this weekend, but there is a sl...

Swedish bitcoin exchange Safello has secured a $600,000 investment that it hopes will push it into the wider European market. The exchange, which launched its service last August, can now count bitcoin luminaries Erik Voorhees and Roger Ver among its investors. Safello , which also sa...

We’ve just released a huge Idiot’s Guide to Bitcoin , and a lot of you have read it already. Now that y’all know the ins and outs of this fascinating crypto-currency, we’re curious: How many of you would want to buy Bitcoin for the first time? It’s a volatile currency and a risky inve...

Mt. Gox has issued an official statement saying it has found a workaround for its bitcoin transaction malleability problems, which will see bitcoin withdrawals resume “soon”. This comes after the team worked over the weekend to begin implementation of a new transaction system. It said...

FinCEN and other regulatory agencies have already begun working closely with investors and financial service providers in the Bitcoin space to offer agreeable regulations that protect consumers, discourage lawbreaking, and still foster growth and innovation in a completely new financi...

A squishy number of Bitcoins has either been hacked out of the dark-net market for illicit goods, or, as Silk Road's users muse, perhaps weaseled away by the site's own administrators. The squishy part comes in when you try to put a price tag on the total worth. Forbes's Andy Greenber...

It’s been months since Thailand’s largest Bitcoin exchange was forced to stop trading after the Bank of Thailand ruled that Bitcoin is “not a currency”. However, as of February 15 , Thailand’s Bitcoin.co.th is ready to operate all types of Bitcoin transactions once again. In August la...

Watching the gyrations in the price of Bitcoin has been spectator sport the past several days. However, unlike with prior busts and races, the price of Bitcoin has diverged heavily across its several exchanges . This has led to the Bitcoin market itself becoming siloed. Bitstamp, BTC-...

Wikimedia Commons MIT's Simmons Hall in Cambridge, Mass. Four students at the Massachusetts Institute of Technology are facing a New Jersey fraud investigation for a Bitcoin mining project created at a hackathon. But despite the legality of the students' invention, MIT has been accuse...

I agree with this statement: "Bitcoiners are not converting bits to bullion"... The Gold market is lead by the "top of the pyramid", not the bottom, and correlation doesn't equal causation. While the BTC crowd certainly did well for themselves, the amount of money that moves in BTC is...

Related:

Withdrawals were halted last week as the exchange's technical team investigated a problem with the way bitcoin withdrawals were processed. This followed several weeks of users complaining of slow withdrawal rates. Mt Gox blamed its ongoing technical issues on a critical flaw in the cr...

The Tokyo-based Bitcoin exchange MtGox has apologized (PDF) for suspending the ability of its customers to get their money out and promised an end to the suspension “soon”. MtGox said the people over at Bitcoin wallet service Blockchain.info had helped it develop a workaround for the ...

Here's an overview of some of last week's most interesting news and articles: Account details of 27,000 Barclays customers stolen, sold to brokers (In)famous UK-based multinational bank Barclays has been hit this Friday with claims that someone has stolen personal and financial inform...

Related:

The company behind the world’s first bitcoin ATM is planning to set up machines in London and Singapore by mid-March. Vancouver-based Bitcoiniacs , said the new machines are part of a global expansion that will also include setting up physical brokerage offices for retail customers an...